Old Bridge Fire Company
Old Bridge Fire Company: Consistent Revenue, Declining Assets, and Minimal Transparency
EIN: 221720553 · E Brunswick, NJ · Updated: 2026-04-04
About Old Bridge Fire Company
Old Bridge Fire Company (EIN: 221720553) is a nonprofit organization based in E Brunswick, NJ. The organization reported total revenue of $431K and total assets of $663K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Bridge Fire Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Old Bridge Fire Company with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Old Bridge Fire Company allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a fully volunteer-run leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Old Bridge Fire Company's IRS 990 filings:
- Total assets have steadily declined from $909,465 in 2016 to $646,343 in 2023, a decrease of over 28%.
- Liabilities have shown an increasing trend, from $6,803 in 2023 to $36,602 in 2017, indicating potential financial strain.
- The organization consistently reports 0% for 'contributions and grants' on its 990-EZ, which is unusual for a nonprofit and suggests reliance on other revenue streams or miscategorization.
Strengths
The following positive indicators were identified for Old Bridge Fire Company:
- Consistent revenue generation, averaging around $350,000 annually over the past eight years, demonstrates stable operational funding.
- The absence of paid executive compensation indicates a strong commitment to volunteerism and potentially lower administrative overhead.
- The organization has maintained a positive net asset position despite declining trends.
Frequently Asked Questions about Old Bridge Fire Company
What does Old Bridge Fire Company do?
Old Bridge Fire Company is a nonprofit organization in the Unknown sector, located in E Brunswick, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Old Bridge Fire Company have?
Old Bridge Fire Company reported total revenue of $431,262. Based on 13 IRS 990 filings on record.
What are Old Bridge Fire Company's total assets?
Old Bridge Fire Company holds total assets of $662,571 as reported in IRS 990 filings.
Where is Old Bridge Fire Company located?
Old Bridge Fire Company is based in E Brunswick, New Jersey.
What is Old Bridge Fire Company's EIN?
Old Bridge Fire Company's Employer Identification Number (EIN) is 221720553. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Old Bridge Fire Company?
Old Bridge Fire Company is classified under NTEE code Unknown (Unknown).
Is Old Bridge Fire Company a registered 501(c)(3)?
Old Bridge Fire Company appears in IRS records (EIN: 221720553). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Old Bridge Fire Company file IRS Form 990?
Yes, Old Bridge Fire Company has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Old Bridge Fire Company's revenue in 2023?
In the 202312 filing period, Old Bridge Fire Company reported total revenue of $370,918, total expenses of $489,657, and net assets of $646,343.
Is Old Bridge Fire Company's revenue growing or declining?
Old Bridge Fire Company's revenue is relatively stable. Revenue went from $366,658 (202212) to $370,918 (202312), a +1.2% change. Based on 13 filings on record.
What is Old Bridge Fire Company's most recent 990 filing?
The most recent IRS Form 990 filing for Old Bridge Fire Company covers tax period 202312. It shows revenue of $370,918, expenses of $489,657, total assets of $646,343, and liabilities of $6,803.
How much does Old Bridge Fire Company spend on programs vs administration?
Based on IRS 990 analysis, Old Bridge Fire Company allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Old Bridge Fire Company a trustworthy charity?
Based on AI analysis of IRS 990 data, Old Bridge Fire Company shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Old Bridge Fire Company?
The following concerns were identified: Total assets have steadily declined from $909,465 in 2016 to $646,343 in 2023, a decrease of over 28%.. Liabilities have shown an increasing trend, from $6,803 in 2023 to $36,602 in 2017, indicating potential financial strain.. The organization consistently reports 0% for 'contributions and grants' on its 990-EZ, which is unusual for a nonprofit and suggests reliance on other revenue streams or miscategorization.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Old Bridge Fire Company's strengths?
Positive indicators for Old Bridge Fire Company include: Consistent revenue generation, averaging around $350,000 annually over the past eight years, demonstrates stable operational funding.. The absence of paid executive compensation indicates a strong commitment to volunteerism and potentially lower administrative overhead.. The organization has maintained a positive net asset position despite declining trends.. These findings are derived from AI analysis of the organization's financial filings.
How does Old Bridge Fire Company compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a fully volunteer-run leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and declining assets, what specific capital expenditures or operational shifts are driving the reduction in total assets?
Without more detailed financial statements beyond the 990-EZ, it's difficult to pinpoint the exact cause of the asset decline. It could be due to depreciation of equipment without sufficient replacement, sale of assets, or a shift in investment strategy.
How does the organization sustain its operations with 0% reported contributions and grants, and what are the primary sources of its consistent revenue?
The consistent revenue (e.g., $370,918 in 2023) despite 0% contributions suggests reliance on other income streams such as membership dues, fundraising events not categorized as 'contributions,' or potentially government contracts/fees for service, which are not explicitly detailed in the 990-EZ.
Filing History
IRS 990 filing history for Old Bridge Fire Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Old Bridge Fire Company's revenue has declined by 22.8%, moving from $481K to $371K. Total assets decreased by 33.5% over the same period, from $971K to $646K. Total functional expenses rose by 7.5%, from $455K to $490K. In its most recent filing year (2023), Old Bridge Fire Company reported a deficit of $119K, with expenses exceeding revenue. The organization holds $7K in liabilities against $646K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $640K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $371K | $490K | $646K | $7K | — | — |
| 2022 | $367K | $391K | $767K | $9K | — | — |
| 2021 | $375K | $390K | $794K | $11K | — | View 990 |
| 2020 | $332K | $333K | $813K | $15K | — | — |
| 2019 | $330K | $333K | $815K | $17K | — | View 990 |
| 2018 | $327K | $381K | $820K | $19K | — | View 990 |
| 2017 | $332K | $349K | $892K | $37K | — | View 990 |
| 2016 | $337K | $434K | $909K | $37K | — | View 990 |
| 2015 | $452K | $425K | $1.0M | $40K | — | View 990 |
| 2014 | $484K | $431K | $991K | $47K | — | View 990 |
| 2013 | $485K | $505K | $933K | $43K | — | View 990 |
| 2012 | $497K | $474K | $974K | $64K | — | View 990 |
| 2011 | $481K | $455K | $971K | $84K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $371K, expenses of $490K, and assets of $646K (revenue +1.2% year-over-year).
- 2022: Revenue of $367K, expenses of $391K, and assets of $767K (revenue -2.3% year-over-year).
- 2021: Revenue of $375K, expenses of $390K, and assets of $794K (revenue +13.0% year-over-year).
- 2020: Revenue of $332K, expenses of $333K, and assets of $813K (revenue +0.8% year-over-year).
- 2019: Revenue of $330K, expenses of $333K, and assets of $815K (revenue +0.8% year-over-year).
- 2018: Revenue of $327K, expenses of $381K, and assets of $820K (revenue -1.5% year-over-year).
- 2017: Revenue of $332K, expenses of $349K, and assets of $892K (revenue -1.5% year-over-year).
- 2016: Revenue of $337K, expenses of $434K, and assets of $909K (revenue -25.4% year-over-year).
- 2015: Revenue of $452K, expenses of $425K, and assets of $1.0M (revenue -6.8% year-over-year).
- 2014: Revenue of $484K, expenses of $431K, and assets of $991K (revenue +-0.0% year-over-year).
- 2013: Revenue of $485K, expenses of $505K, and assets of $933K (revenue -2.6% year-over-year).
- 2012: Revenue of $497K, expenses of $474K, and assets of $974K (revenue +3.4% year-over-year).
- 2011: Revenue of $481K, expenses of $455K, and assets of $971K.
Data Sources and Methodology
This transparency report for Old Bridge Fire Company is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.